Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Interest rates hold back home sales in the Basin, statewide
MOSES LAKE — High interest rates are slowing down sales in the Basin real estate market. The average monthly ra…
'Kicked in the teeth': Devastation mounts from Midwest storm
IOWA CITY, Iowa (AP) — The impact of a wind storm that tore through the Midwest continued to grow Wednesday, as widespread power outages kept businesses closed, limited communication, spoiled food and caused long l…
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for September delivery rose $1.06 to settle at $42.67 a barrel Wednesday. Brent crude oil for October delivery rose 93 cents to $45.43 a barrel.
The Latest: Georgia school district quarantines 1,150 kids
ATLANTA — Georgia’s largest school district struggled Wednesday to launch online learning for its 180,000 students, with parents complaining students couldn’t log in to Gwinnett County’s system.
Stocks rebound on Wall Street, S&P 500 trades above record
Stocks marched broadly higher on Wall Street Wednesday, briefly nudging the S&P 500 above its all-time closing high set in February, before the coronavirus pandemic led to a historic market plunge.
US budget deficit climbs to record $2.81 trillion
SILVER SPRING, Md. (AP) — The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday.
Stein Mart files for bankruptcy; to close nearly 300 stores
ST. PETERSBURG, Fla. (AP) — National discount department store chain Stein Mart filed for bankruptcy on Wednesday after 112 years in business, and announced that it will close most, if not all, of its 280 stores.
New Mexico's largest newspapers combine printing operations
ALBUQUERQUE, N.M. (AP) — The Albuquerque Journal and the Santa Fe New Mexican newspapers are partnering to print both publications at the The New Mexican’s production facility in Santa Fe in a cost-cutting move.
Simon, Authentic Brands buying Brooks Brothers for $325M
Brooks Brothers will be purchased for $325 million by a retail venture owned by licensing company Authentic Brands Group and mall owner Simon Property Group.
Turkish ship starts energy search; Greece issues warnings
ANKARA, Turkey (AP) — A Turkish research vessel has begun surveying for energy resources in contested areas of the eastern Mediterranean, Turkey’s energy minister said Wednesday, amid escalating tensions between NA…
The Latest: 1,200 Alabama students home after positive test
MOULTON, Ala. — More than 1,200 students at two Alabama schools will begin the year at home after a person connected with both schools tested positive for COVID-19.
Hungary to buy air defense missiles from US for $1 billion
BUDAPEST, Hungary (AP) — Hungary signed a declaration of intent Wednesday to purchase air defense missiles from the United States for around $1 billion.
Boston Fed chief: States' rush to reopen slowed US recovery
WASHINGTON (AP) — A top official at the Federal Reserve
Hundreds of thousands without power days after Midwest storm
IOWA CITY, Iowa (AP) — Hundreds of thousands of households in Iowa and Illinois remained without electricity Wednesday, two days after a rare wind storm that hit the Midwest devastated parts of the power grid,
Bubba Wallace, Columbia Sportswear sign sponsorship deal
Corporate interest in Bubba Wallace has picked up momentum and NASCAR's only Black full-time driver has signed a new sponsor that includes funding for his Richard Petty Motorports team.
Ford recalls midsize SUVs to fix possible brake fluid leaks
Ford is recalling more than 558,000 midsize SUVs in North America because the brakes may not work properly.